Bloomberg News

Persian Gulf Stocks: Gulf Warehousing, Mazaya Qatar Real Estate

January 12, 2012

Jan. 12 (Bloomberg) -- Qatar’s QE Index fell 0.1 percent to 8,699.46 at the 1 p.m. close in Doha, bringing its drop for the week to 2.1 percent.

The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.

Gulf Warehousing Co. (GWCS QD) retreated 2 percent to 36.9 riyals, the lowest since Dec. 7. The Qatari storage provider said 2011 earnings per share declined to 1.56 riyals from 2.04 riyals.

Mazaya Qatar Real Estate Development QSC (MRDS QD) advanced 2.2 percent, the most since Dec. 27, to 7.9 riyals. The Qatari real-estate developer appointed QInvest as a financial adviser for its Sidra Village residential project.

--With assistance from Zahra Hankir in Dubai. Editors: Claudia Maedler, Shaji Mathew

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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